Best Online Brokerages To Trade Stocks
Updated: Jul 30, 2021
by Connor Lounsbury | June 17, 2021
If you are interested in the stock market, but don't know how to trade, this article is perfect for you. Whether you are searching for your first trading platform to use or if you're looking for a change in brokerages, this article will go into exactly which brokerage would best suit your needs.
We will work our way from the least complicated to the most advanced in my opinion.
Webull: Best for beginners. Webull is a great place to start to learn to trade on. It is simple to navigate and view charts, and it is mobile friendly. New users are able to receive 2-4 free stocks (depending on the current promotion) by signing up with my link. Click here to sign up. You also have to make an initial deposit of $100 in order to receive the free stocks. The free stocks will be valued up to $1,600. Be sure the referral link is used upon signing up to receive the free stocks.
Fidelity: Best for average investors. Whether you are looking to trade stocks or save for retirement/college, Fidelity has it all. Featuring $0 commission trades and youth accounts for people aged 13-17. To open a youth account, a parent must have an account with Fidelity. The youth account has no minimums and no fees. It also includes a debit card for the youth.
TD Ameritrade: Best for investing overall. TD Ameritrade has $0 commission trades competing with Fidelity, but TD Ameritrade has a better trading system. TD Ameritrade has a stock trading platform called thinkorswim. This feature allows you to view and trade stocks very efficiently. Investors who have basic to intermediate knowledge of the stock market should use this.
Interactive Brokers: Best for experienced investors. Last but not least is Interactive Brokers. Interactive Brokers has less educational resources than the average online brokerage. Because of this, investors using Interactive Brokers usually have their own source of educational resources. This trading platform is more rough around the edges compared to the brokerages listed above. Experienced investors will use Interactive Brokers because of the institutional-level trading platform and extremely low margin rates. $0 commission trades is offered as well.
Important Information: All of the brokers listed have extended trading hours, meaning you can trade stocks before the stock market opens and after it closes. Webull and Interactive Brokers allows you to trade from 4 A.M. to 8 P.M. Fidelity and TD Ameritrade allows you to trade from 7 A.M. to 8 P.M.
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